Saxo Bank FX Carry Trade portfolios (week 52)
By Mads Koefoed
The USD-denominated Global Carry portfolio has lost further ground over the past two weeks, weighed down by an abysmal performance of the Turkish lira against the dollar. Overall, the portfolio lost 0.8 percent and is down 3.3 percent from its November peak. The portfolio is down 3.1 percent since its initiation in mid-October.
The final portfolio update of 2013 sees no change to either of the four reference portfolios. Specifically, the USD-denominated World Carry, which we track, continues to have long USDJPY and USDCHF positions and short EURUSD, USDMXN, USDTRY and USDZAR positions.
Both EUR-denominated portfolios are also unchanged.
An Excel spreadsheet is attached to help you calculate positions. The next portfolio update will take place on January 7 at 14:00 CET. Note that the update time has been moved backwards (from 10:00 CET) to reflect that we track a USD-denominated portfolio.